06:29 AM EST, 11/17/2025 (MT Newswires) -- XPeng ( XPEV ) issued a fourth-quarter revenue outlook below analyst estimates on Monday, while the Chinese electric vehicle manufacturer's sales topped expectations in the previous three-month period amid robust delivery growth.

The company anticipates revenue to come in between 21.5 billion renminbi ($3.03 billion) and 23 billion renminbi for the ongoing quarter, while the current consensus on FactSet is for 26.08 billion renminbi. The guidance implies annual growth of 34% to 43%, the EV maker said.

XPeng's ( XPEV ) New York stock exchange-listed American depositary receipts declined 3.7% in the most recent premarket activity.

Deliveries are pegged at 125,000 to 132,000 vehicles for the fourth quarter, reflecting a year-over-year increase of about 37% to 44%. The company delivered 116,007 vehicles in the previous quarter, representing a roughly 149% jump from the prior-year period.

"Vehicle deliveries, revenue, gross margin and cash on hand all reached new highs" in the third quarter, Chief Executive Xiaopeng He said in a statement. "We are in the early stages of rapid expansion in terms of sales volume and market share."

For the three months through September, revenue soared to 20.38 billion renminbi from 10.10 billion renminbi a year earlier, topping the Street's view for 20.32 billion renminbi. The company reported an adjusted loss of 0.16 renminbi per American depositary share, compared with a 1.62 renminbi loss the year before. Four analysts polled by FactSet expected a per-share loss of 0.49 renminbi.

Vehicle sales climbed 105% to 18.05 billion renminbi, mainly due to higher deliveries from newly launched vehicle models, Xpeng ( XPEV ) said. Revenue from services and others advanced 78% to 2.33 billion renminbi, buoyed by increased revenue from after-sales services and technical research and development services rendered to a car manufacturer, according to the company.

Gross margin rose to 20.1% versus 15.3% in the 2024 quarter, benefitting from "effective cost control and technology-related revenue streams," Vice Chairman Hongdi Brian Gu said. Total operating expenses increased to 4.86 billion renminbi from 3.39 billion renminbi last year.